Bitcoin Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. - block chain as it is a chain of blocks. When a block is discovered, the discoverer may award themselves a certain number of bitcoin. Instead of buying mining hardware and mine at your home computer, you have the possibility to "rent" all that equipment and to start mining immediately – Cloud Mining
If you believe in Bitcoin ecosystem, cloud mining is a perfect choice of investment for you.
Hasheer Review, Genesis Review, Eobot Review
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Genesis mining was established at the end of 2013, considering as the leaders in the cryptocurrencies cloud mining. The Genesis office located in Hong Kong and the mining farms are located in Europe, America, and Asia.
Genesis mining guarantee 100% uptime, their algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss.
The uniqueness of genesis mining is the supporting of Altcoin mining, the user can even decide to allocate the hashpower between the coins. For example 70% BTC, 20% LTC and 10% DOGE
Mining coins possibility: Bitcoin, Unobtanium, Dark, Litecoin, Dash, Zetacoin, Startcoin, Dogecoin, Peercoin, Namecoin and Etherium.
At some of the mining contracts (SHA256) there is maintenance fee to cover the mining costs: electricity, cooling, hosting etc..The fee is being calculated per GH/s and automatically deducted on a daily basis, each contract has its own maintenance fee. The Genesis mining contract is for "lifetime" – as long as the payouts covers the maintenance fee.
- credit card (Visa / Mastercard) Minimum 50$, for orders under 100$ a fee applies.
- Bank wires in USD / EUR
- Cryptocurrencies: Bitcoin, Litecoin, Dogecoin and Dash.
The first payout will be proceed after 48 hours and than a daily payout to your wallet.
Please note: if you purchase with a credit card your account will be held for 30 days till the first payout due to credit card security check.
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Eobot Bitcoin Cloud Mining
Eobot launched in April 2013 in United States. On Eobot it is very easy to mine bitcoins and even other cryptocurrency with the same mining contract, the UI is very simple and th mining stats are being updated in real time.
There are two main mining contracts
A. 5 year rental lengths
B. 24 hour rental lengths
And two main mining clouds:
A. (Cloud SHA-256) SHA-256 algorithm, 1.0 GHS per 1.0 cloud instance owned, (Cloud SHA-256) Follows Bitcoin difficulty, which in the past has increased exponentially. This means payouts will likely be reduced over time, unless the price of Bitcoin rises to keep pace
B. (Cloud Scrypt) Scrypt algorithm, 1.0 MHS per 1.0 cloud instance owned, (Cloud Scrypt) Follows Litecoin difficulty, which in the past has increased exponentially. This means payouts will likely be reduced over time, unless the price of Litecoin rises to keep pace.
The approximate price for
Cloud SHA-256 4.0, GHS $0.25, if you are purchasing via credit card your account will be held for 6 months.
For all the mining contracts and all the mining technology Eobot are “taking” fee for electricity and maintenance. The approximate fee for the S9 and 4.0 GHS, is $0.00021/GHS/Day.